"In May, the growth rate of automobile production and sales reached 16%, and the cumulative growth rate of production and sales turned from negative to positive, indicating that the overall production and sales situation of China's automobiles is gradually improving." On June 9, Chen Shihua, director of the Information Department of China Association of Automobile Manufacturers, said.
Chen Shihua made the above remarks at the press conference of the China Automobile Association held on the same day. The data showed that in May this year, China’s automobile production and sales were 1.57 million and 1.61 million, down 5% and 1% respectively, but the year-on-year growth was 16%. % and 16%.
Due to the rapid growth of automobile production and sales in May, the cumulative automobile sales volume has changed from negative growth in January-April to positive growth. In the first five months of this year, the production and sales of automobiles reached 8 million and 8.02 million respectively, an increase of 3% and 2% over the same period of the previous year.
In terms of varieties, in May this year, the trend of passenger cars was better than that of commercial vehicles. The sales of passenger cars reached 1.28 million, a year-on-year increase of 23%. The growth rate of SUVs and cars is still outstanding, of which SUVs exceed 50%. Commercial vehicles sold 330,000 units, down 7% from the previous month and down 4% from the same period last year.
Chen Shihua pointed out that despite the sharp increase in automobile production and sales in May this year, due to the sluggish commercial vehicles, the growth rate of various types of vehicles varies greatly, and the structural growth characteristics are obvious.
Yao Jie, deputy secretary-general of the China Automobile Association, told reporters that “the production and sales data shows that the Chinese auto industry is showing signs of stabilization. Auto companies still have high confidence in the industry prospects. At present, the whole industry inventory is rising according to funds, but production The inventory of finished products is declining, indicating that the company's reserves in raw materials are increasing and preparing for production."
Yao Jie believes that “for the automotive industry, domestic demand is still the main driving force. In the first five months of this year, auto exports have grown rapidly, but the proportion is still small. More than 95% of the auto industry relies on the domestic market for a long time. The page is still driven by domestic demand."
According to data from the China Automobile Industry Association, the export volume of auto companies reached 103,400 units in May this year, a sharp increase of 43% year-on-year. The monthly auto exports exceeded 100,000 units for the first time. Exports exceeded 380,000 units in the first five months of this year, a year-on-year increase of 29%.
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